CWY 0.00% $2.72 cleanaway waste management limited

ASX & Media Release26 November 2019FIRE AT MATERIAL RECYCLING...

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    ASX & Media Release
    26 November 2019
    FIRE AT MATERIAL RECYCLING FACILITY IN GUILDFORD, WESTERN AUSTRALIA
    Cleanaway Waste Management Limited (ASX: CWY) announces that its Materials Recycling Facility in
    Guildford, Western Australia was damaged by a fire on Monday 25 November. The fire was quickly
    contained and brought under control by emergency services but there has been extensive damage to the
    site.
    Commenting on the incident, Cleanaway CEO and Managing Director Vik Bansal said: “We are grateful for
    the work of the emergency services in containing the fire at the facility and bringing it under control. Our
    teams on site were evacuated quickly and we are pleased that none of our employees or anyone else was
    injured in the incident.”
    Cleanaway is working with its customers and other suppliers to determine alternative processing solutions
    for the materials that would otherwise have been processed at the facility.
    Cleanaway intends to rebuild the site and will commence the process of recovering losses arising from the
    incident under its existing insurances.
    The incident will not have a material impact on its underlying EBITDA for H1 of FY20 or the full year of
    FY20.
    Investor enquiries
    Brendan Gill
    Chief Financial Officer
    Tel: +61 3 8397 5103
    Media enquiries
    Alan Jury
    Domestique Consulting
    Tel: +61 418 833 149
 
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